XML 31 R21.htm IDEA: XBRL DOCUMENT v3.19.1
Accumulated Other Comprehensive Income (Loss)
3 Months Ended
Mar. 31, 2019
Equity [Abstract]  
Accumulated Other Comprehensive Income (Loss)
following tables present changes in the accumulated balances for each component of other comprehensive income, including current period other comprehensive income and reclassifications out of accumulated other comprehensive income:
(DOLLARS IN THOUSANDS)
Foreign
Currency
Translation
Adjustments
 
Gains on Derivatives
Qualifying as
Hedges
 
Pension and
Postretirement
Liability
Adjustment
 
Total
Accumulated other comprehensive (loss) income, net of tax, as of December 31, 2018
$
(396,996
)
 
$
4,746

 
$
(309,977
)
 
$
(702,227
)
OCI before reclassifications
42,377

 
2,059

 

 
44,436

Amounts reclassified from AOCI

 
(2,156
)
 
2,593

 
437

Net current period other comprehensive income (loss)
42,377

 
(97
)
 
2,593

 
44,873

Accumulated other comprehensive (loss) income, net of tax, as of March 31, 2019
$
(354,619
)
 
$
4,649

 
$
(307,384
)
 
$
(657,354
)

(DOLLARS IN THOUSANDS)
Foreign
Currency
Translation
Adjustments
 
Losses 
on Derivatives
Qualifying as
Hedges
 
Pension and
Postretirement
Liability
Adjustment
 
Total
Accumulated other comprehensive (loss) income, net of tax, as of December 31, 2017
$
(297,416
)
 
$
(10,332
)
 
$
(329,734
)
 
$
(637,482
)
OCI before reclassifications
14,803

 
(2,938
)
 

 
11,865

Amounts reclassified from AOCI

 
2,409

 
2,629

 
5,038

Net current period other comprehensive income (loss)
14,803

 
(529
)
 
2,629

 
16,903

Accumulated other comprehensive (loss) income, net of tax, as of March 31, 2018
$
(282,613
)
 
$
(10,861
)
 
$
(327,105
)
 
$
(620,579
)




The following table provides details about reclassifications out of accumulated other comprehensive income to the Consolidated Statement of Income and Comprehensive Income: 
 
Three Months Ended March 31,
 
Affected Line Item in the
Consolidated Statement
of Income and Comprehensive Income
(DOLLARS IN THOUSANDS)
2019
 
2018
 
Gains (losses) on derivatives qualifying as hedges
 
 
 
 
 
Foreign currency contracts
$
2,711

 
$
(2,506
)
 
Cost of goods sold
Interest rate swaps
(216
)
 
(216
)
 
Interest expense
Tax
(339
)
 
313

 
Provision for income taxes
Total
$
2,156

 
$
(2,409
)
 
Total, net of income taxes
Losses on pension and postretirement liability adjustments
 
 
 
 
 
Prior service cost
$
2,836

 
$
1,772

 
(a)
Actuarial losses
168

 
(5,103
)
 
(a)
Tax
(5,597
)
 
702

 
Provision for income taxes
Total
$
(2,593
)
 
$
(2,629
)
 
Total, net of income taxes
 _______________________
(a)
The amortization of prior service cost and actuarial loss is included in the computation of net periodic benefit cost. Refer to Note 16 of our 2018 Form 10-K for additional information regarding net periodic benefit cost.